Automotive Industry Financing Program

E79683

United States government program economic stabilization program

The Automotive Industry Financing Program was a U.S. government initiative that provided emergency financial support to major American automakers and related companies during the late-2000s economic crisis to prevent their collapse and stabilize the auto sector.

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All labels observed (2)

Label	Occurrences
Automotive Industry Financing Program canonical	4
TARP Automotive Industry Financing Program	1

Statements (45)

Predicate	Object
instanceOf	United States government program ⓘ economic stabilization program ⓘ
administeredBy	United States Department of the Treasury ⓘ surface form: U.S. Department of the Treasury
aimedToProtect	U.S. manufacturing base ⓘ U.S. taxpayers ⓘ
alsoKnownAs	AIFP ⓘ
appliesToJurisdiction	United States of America ⓘ surface form: United States
beneficiary	Chrysler ⓘ Chrysler Financial ⓘ Graduate Management Admission Council ⓘ surface form: GMAC General Motors ⓘ auto parts suppliers ⓘ
country	United States of America ⓘ surface form: United States
endCause	stabilization and recovery of U.S. auto industry ⓘ
follows	2008 United States housing and financial crisis ⓘ surface form: Great Recession 2008 United States housing and financial crisis ⓘ surface form: late-2000s financial crisis
fundingSource	Troubled Asset Relief Program funds ⓘ
governmentBranch	executive branch of the United States ⓘ
hasEffect	helped preserve U.S. manufacturing jobs ⓘ prevented disorderly bankruptcy of major U.S. automakers ⓘ supported restructuring of Chrysler ⓘ supported restructuring of General Motors ⓘ
implementedBy	Office of Financial Stability (historical) ⓘ surface form: Office of Financial Stability
industry	automotive industry ⓘ
legalBasis	Emergency Economic Stabilization Act of 2008 ⓘ
partOf	Troubled Asset Relief Program ⓘ
policyArea	economic policy ⓘ financial stabilization ⓘ industrial policy ⓘ
purpose	prevent collapse of major American automakers ⓘ provide emergency financial support to the U.S. automotive industry ⓘ stabilize the U.S. auto sector ⓘ
reasonForInitiation	risk of large-scale job losses in auto sector ⓘ severe liquidity crisis in U.S. auto industry ⓘ
relatedTo	Chrysler Chapter 11 reorganization ⓘ General Motors Chapter 11 reorganization ⓘ U.S. auto bailout ⓘ
riskType	credit risk ⓘ
sector	auto finance ⓘ auto manufacturing ⓘ
startTime	2008 ⓘ
timePeriod	late 2000s ⓘ
usedInstrument	equity investments ⓘ loans ⓘ warrants ⓘ

Referenced by (5)

Full triples — surface form annotated when it differs from this entity's canonical label.

U.S. auto industry crisis of 2008–2010 → programUsed → Automotive Industry Financing Program ⓘ

Office of Financial Stability (historical) → programAdministered → Automotive Industry Financing Program ⓘ

this entity surface form: TARP Automotive Industry Financing Program

Troubled Asset Relief Program → keyProgram → Automotive Industry Financing Program ⓘ

Emergency Economic Stabilization Act of 2008 → relatedProgram → Automotive Industry Financing Program ⓘ

AIFP → fullName → Automotive Industry Financing Program ⓘ